As the financial sector struggles to improve, financial information and services company Fiserv is right there with them. On Wednesday, Fiserv stock's Relative Strength (RS) Rating upgraded from 70 to 77.
The 77 RS Rating means that Fiserv stock is outperforming 77% of all stocks on price performance. It's a good but not yet great number. Market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Fiserv can continue to rebound and clear that threshold.
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Fiserv Stock Among Top 15% Overall
The Milwaukee area-based company serves some 10,000 merchant companies at 6 million corporate locations globally, providing new technologies and methods to move money.
Fiserv stock is building a consolidation pattern with a 111.04 entry. See if it can clear the breakout price in heavy volume. In addition to its RS Rating, it carries a bullish 93 Earnings Per Share Rating, and an 85 Composite Rating, which measures a group of key fundamental and technical metrics. And it has a C+ Accumulation/Distribution Rating. The C+ A/D Rating shows that big investors such as mutual funds and ETFs are buying more of its shares than selling.
The financial services company showed 11% earnings growth last quarter, to $1.63 per share. That came on a 9% rise in sales to $4.52 billion. On Oct. 27 the company raised its guidance to 2022 adjusted earnings of $6.48 to $6.55 per share on 11% sales growth.
Peers In Fin'l Services Group
Fiserv stock holds the No. 9 rank among its peers in the Financial Services-Specialty industry group. Tiptree and International Money Express are also among the group's highest-rated stocks.
When you're researching the best stocks to buy and watch, relative price strength is an important indicator. This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
